25 MAY 2020


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Article from BTNews 25 MAY 2020

Restructuring for Norwegian

Norwegian, the third largest airline at Gatwick, and a holder of a UK Air Operators Certificate, has confirmed the completion of a restructuring.

A State loan guarantee of £250m has been approved and the company has now converted one billion sterling of debt to equity and says it has laid a solid foundation for the future, although it admits the next months will remain challenging.  No date yet for a return to anything like a full service nor of the future structure of its current fleet which stands at just over 100 Boeing 737 and 37 Boeing Dreamliner 787-8.

The airline is currently flying a limited Scandinavian schedule.

Prior to the pandemic Norwegian was carrying almost 6m UK passengers each year from Gatwick, Edinburgh and Manchester airports to 30 destinations worldwide with 1,200 UK-based pilots and cabin crew.

In 2014, Norwegian introduced the UK’s first low-cost long-haul flights to the US.  The airline now flies to 11 US destinations, Buenos Aires and Rio de Janeiro from Gatwick.


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L. Stephen Davis, Toronto, Canada

A recent media report stated the the Chinese were to buy a 13% stake in Norwegian. Can that be confirmed?